{"product_id":"trading-against-the-crowd-9780471471219","title":"Trading Against the Crowd","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eEfficient market theorists contend that markets are random and thus not predictable. With the publication of \u003ci\u003eTrading Against theCrowd,\u003c\/i\u003e however, noted author, economist, and professional trader John Summa convincingly shows that investor sentiment can be incorporated into profitable stock and stock market trading systems. In this groundbreaking book, Summa explains how to use popular gauges of crowd psychology, such as put\/call ratios, option-implied volatility, short sales, investor surveys, and advisory opinion to trade against, or contrary to, prevailing market sentiment. He also makes compelling arguments against the efficient markets hypothesis with the presentation of his own quantitative weekly bear and bull news-flow intensity indices, which he builds from news scans. This data series, and other popular measures of crowd psychology, are processed through custom indicators that are programmed into profitable trading systems, such as Squeeze Play I \u0026amp; II, Tsunami Sentiment W\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003ePreface.  \u003cp\u003eIntroduction.\u003c\/p\u003e \u003cp\u003eChapter 1. Reflections of a Contrarian on Investor Psychology.\u003c\/p\u003e \u003cp\u003eChapter 2. Measuring \"Joe Option Trader\" Sentiment.\u003c\/p\u003e \u003cp\u003eChapter 3. Will the Real Put\/Call Ratio Please Stand Up?\u003c\/p\u003e \u003cp\u003eChapter 4. The Option Trading Crowd at Extremes.\u003c\/p\u003e \u003cp\u003eChapter 5. Does the Entire Group of Option Traders Get it Wrong?\u003c\/p\u003e \u003cp\u003eChapter 6. OEX Option Traders—Is This a Smart Money Crowd?\u003c\/p\u003e \u003cp\u003eChapter 7. From Statistical Tests to Sentiment Trading System.\u003c\/p\u003e \u003cp\u003eChapter 8. Squeeze Play I: Pulling the Price Trigger.\u003c\/p\u003e \u003cp\u003eChapter 9. Sentiment Squeeze Play II.\u003c\/p\u003e \u003cp\u003eChapter 10. Squeeze Play II and LEAPS Surrogates.\u003c\/p\u003e \u003cp\u003eChapter 11. The Tsunami Sentiment Wave Trading System.\u003c\/p\u003e \u003cp\u003eChapter 12. Adapting Put\/Call Ratios to Bond Futures.\u003c\/p\u003e \u003cp\u003eChapter 13. Option Implied Volatility and Investor Sentiment.\u003c\/p\u003e \u003cp\u003eChapter 14. Testing Option Volatility on Equity Indices.\u003c\/p\u003e \u003cp\u003eChapter 15. Stock Options Volatility and Sentiment Long Waves.\u003c\/p\u003e \u003cp\u003eChapter 16. Gauging Crowd Psychology with Short Selling Ratios.\u003c\/p\u003e \u003cp\u003eChapter 17. Public Shorts: Still As Good As Ever as Crowd \"Sentimeter\".\u003c\/p\u003e \u003cp\u003eChapter 18. Trading Against the Advisory Opinion Crowd.\u003c\/p\u003e \u003cp\u003eChapter 19. The Fourth Estate Crowd.\u003c\/p\u003e \u003cp\u003eChapter 20. Postscript on Crowd Psychology in Financial Markets.\u003c\/p\u003e \u003cp\u003eAppendix A: MetaStock Formula Language Code.\u003c\/p\u003e \u003cp\u003eAppendix B: TradeStation EasyLanguage\u003csup\u003e®\u003c\/sup\u003e Code.\u003c\/p\u003e \u003cp\u003eAppendix C: Notes on System Testing. \u003c\/p\u003e \u003cp\u003eIndex.\u003c\/p\u003e \u003cp\u003e \u003c\/p\u003e","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default Title","offer_id":49402604716375,"sku":"9780471471219","price":35.62,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780471471219.jpg?v=1730480931","url":"https:\/\/bookcurl.com\/products\/trading-against-the-crowd-9780471471219","provider":"Book Curl","version":"1.0","type":"link"}